ICP Monitoring Devices Market Growth Analysis till 2030

ICP Monitoring Devices Market: Introduction

ICP monitoring devices, or intracranial pressure (ICP) monitoring devices, are placed inside the head to monitor the pressure inside the skull and transmit measurements or data to a recording device

These devices aid in measuring the pressure within the brain and cranium caused by trauma. ICP Monitoring is considered to be a significant post-operative and diagnostic procedure for patients who have undergone neurosurgery or have suffered cranial injury.

The types of monitoring methods are invasive and non-invasive. The invasive method is a method primarily employed by various ICP monitors. However, non-invasive methods are not engaged in the measurement of absolute ICP.

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Key Drivers and Restraints of Global ICP Monitoring Devices Market

Expansion of the ICP monitoring devices market can be attributed to a rise in the prevalence of neurological disorders and traumatic accidents. Moreover, a rise in the number of people suffering from aneurysm, brain infection, and meningitis among the population further boosts the ICP monitoring devices market. According to the CDC, traumatic brain injury accounted for over 3 million emergency department visits, hospitalizations, and deaths in the U.S., in 2018.

Advanced ICP monitoring devices help eliminate the limitations associated with earlier devices, which contributes to a shift in baseline pressure, de-bubbling, and levelling associated with fluid-filled systems

North America to Lead Global ICP Monitoring Devices Market

In terms of region, the global ICP monitoring devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America dominated the global ICP monitoring devices market in 2019, owing to high rate of adoption of advanced ICP monitoring devices, well-established healthcare infrastructure, rise in prevalence of neurological diseases, and increase in number of people living with disability related to traumatic brain injury.

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Europe was the second-largest market for ICP monitoring devices in 2019. The market in Asia Pacific is projected to expand at a rapid pace, followed by Latin America and Middle East & Africa. Rise in focus of governments of countries in Asia on enhancing healthcare facilities, increase in focus of market players on Asia Pacific to leverage growth opportunities, and rise in the patient pool further propel the global ICP monitoring devices market.

Key Players Operating in Global ICP Monitoring Devices Market

The market players are focused on expanding their presence in the ICP monitoring devices market mainly by adopting the inorganic growth strategy. Leading players in the global ICP monitoring devices market are:

Medtronic
Integra LifeSciences Holding Corporation
Codman & Shurtleff, Inc.
RAUMEDIC AG
Vittamed
Sophysa Ltd.
Orsan Medical Technologies
Spiegelberg GmbH & Co. KG.

Global ICP Monitoring Devices Market: Research Scope

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Global ICP Monitoring Devices Market, by Technique
Invasive
Microtransducer ICP Monitoring
External Ventricular Drainage (EVD)
Non-invasive
Optic Nerve Sheath Diameter
Transcranial Doppler Ultrasonography
Tympanic Membrane Displacement (TMD)
Others

Global ICP Monitoring Devices Market, by Application

Meningitis
Traumatic Brain Injury
Intracerebral Hemorrhage
Others

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Global ICP Monitoring Devices Market, by End-user

Hospitals
Ambulatory Surgical Centers
Others

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